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Saturday, November 27, 2004

Japan, China, UK and hedge funds(?)

...are the largest holders of US Treasury debt, in order of holdings. Note Japan still dominates all others.

Is it plausible that hedge funds hold $100B in US Treasury debt? A recent JP Morgan report concludes that hedge funds currently account for $900B in capital, out of a world total capitalization of $74 Trillion in equity and fixed income. So, the notes held by secretive Caribbean entities account for only 10% of hedge fund capital.